Flutterwave, Africa’s $3 billion fintech giant, has announced plans to pursue a Nigerian Exchange (NGX) listing, pledging to boost SME growth and solidify Nigeria’s position as a global digital payments hub.
Flutterwave’s NGX Ambition & Economic Vision
During a meeting with President Bola Tinubu, CEO Olugbenga ‘GB’ Agboola revealed the company’s intent to list on the NGX, emphasizing its mission to “drive seamless digital solutions for Nigeria’s economy.”
“Listing on the NGX will create liquidity for Nigerians and prove Nigeria can build global tech giants,” Agboola stated.
The Flutterwave Nigerian Exchange listing aligns with its decade-long track record:
- Enabled cross-border payments for SMEs in 30+ countries.
- Simplified Naira payments for global services like Netflix and Uber.
- Attracted $4 million in hosting investments to Nigeria.
SME Empowerment & Global Reach
Since 2016, Flutterwave has:
- Digitized SMEs: 1,000+ Nigerian jobs created.
- Boosted Exports: Enabled Nigerian businesses to sell globally.
- Enhanced Remittances: Top 3 forex inflow contributor to Nigeria.
Agboola highlighted partnerships with SMEDAN and NITDA to provide SMEs with tools, training, and global payment access.
“If SMEs on our platform employ 5–10 people each, we’ll see explosive job growth.”
For context, explore Nigeria’s fintech growth or NGX listings.
Government Backing & Digital Transformation
President Tinubu praised Flutterwave’s impact, stating:
“Your work proves Nigeria is open for business. We’ll remove obstacles to help companies thrive.”
Key government commitments:
- Support fintech infrastructure for African payments.
- Foster youth capacity-building in the digital economy.
- Partner with innovators to diversify Nigeria’s economy.
Finance Minister Wale Edun added:
“Flutterwave’s growth mirrors Nigeria’s potential. Their platforms are critical for Africa’s digital future.”
Global Licenses & Future Goals
Licensed in 15+ African countries, the U.S., UK, and EU, Flutterwave aims to:
- Make Nigeria a global payment hub.
- Expand partnerships with global merchants.
- Invest in Nigeria’s tech infrastructure.
He added that what Flutterwave provides in the digital world is what Nigeria needs today to grow its economy and make life easier for most of its population.
Also, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said Flutterwave has made significant progress since its establishment 10 years ago by creating jobs and helping to diversify the economy by providing innovative digital platforms and payment services in Nigeria and across Africa.
Leveraging on its recent partnerships with SMEDAN and NITDA, the fintech company seeks to ensure that Nigerian businesses and entrepreneurs have more access to the resources, tools, and training they need to scale and compete globally.
Why This Matters
- Job Creation: 1,000+ direct jobs, SME-driven employment.
- Forex Inflows: Top 3 contributor to Nigeria’s forex reserves.
- Digital Inclusion: Simplified payments for 46 million unbanked Nigerians.
